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KADANT INC — Director's Dealing 2015
Mar 12, 2015
31258_dirs_2015-03-12_e383a271-e04e-4a13-9fed-7e25e49e5f7a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2015-03-10
Reporting Person: LAMBERT SANDRA L (VP, GENERAL COUNSEL, SECRETARY)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-10 | Common Stock | M | 1464 | — | Acquired | 19967 | Direct |
| 2015-03-10 | Common Stock | F | 476 | $46.99 | Disposed | 19491 | Direct |
| 2015-03-10 | Common Stock | M | 1363 | — | Acquired | 20854 | Direct |
| 2015-03-10 | Common Stock | F | 443 | $46.99 | Disposed | 20411 | Direct |
| 2015-03-10 | Common Stock | M | 948 | — | Acquired | 21359 | Direct |
| 2015-03-10 | Common Stock | F | 309 | $46.99 | Disposed | 21050 | Direct |
| 2015-03-10 | Common Stock | M | 235 | — | Acquired | 21285 | Direct |
| 2015-03-10 | Common Stock | F | 76 | $46.99 | Disposed | 21209 | Direct |
| 2015-03-11 | Common Stock | S | 2887 | $46.4036 | Disposed | 18322 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-10 | Restricted Stock Unit | $0.0 | M | 1464 | Disposed | 2015-03-10 | Common Stock (1464.0) | Direct |
| 2015-03-10 | Restricted Stock Unit | $0.0 | M | 1363 | Disposed | 2016-03-10 | Common Stock (1363.0) | Direct |
| 2015-03-10 | Restricted Stock Unit | $0.0 | M | 948 | Disposed | 2017-03-10 | Common Stock (948.0) | Direct |
| 2015-03-10 | Restricted Stock Unit | $0.0 | M | 235 | Disposed | 2017-03-10 | Common Stock (235.0) | Direct |
Footnotes
F1: The shares represent the partial settlement under a performance-based RSU award granted 3/7/2012. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
F2: The shares represent the partial settlement under a performance-based RSU award granted 3/6/2013. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
F3: The shares represent the partial settlement under a performance-based RSU award granted 3/5/2014. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
F4: The shares represent the partial settlement under a time-based RSU award granted 3/5/2014. One-third vested on a one-for-one basis on the vesting date.
F5: The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted December 19, 2014.
F6: Represents the weighted average sale price. The actual sales prices range from $46.29 to $46.51 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.